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Depends on how ya look at it. There’s a $4.9M order that they PR’d 12/27/24. If booked for 2024 increases for QTR and Year 2024. If they don’t…….. that’s a nice chunk of change for 2024. Once I see when Wrap will realize that order I’ll back up the truck.
Think so? I thought they WOULDN’T sell 25% less in 2023 than in 2022, but somehow they did. So much for growth.
I thought they’d report on time, but they didn’t.
I thought NASDAQ wouldn’t publicly threaten them with delisting, but they have.
Growth? Maybe. Mismanagement? Absolutely.
Won’t happen. They’ll be back in compliance here in a week or so. Anything under $2 is gonna be a gift
Watch the latest YouTube videos with the CEO. He’s definitely not courting investors. Lol
“if the Company fails to timely regain compliance with this Nasdaq Listing Rule, the Company’s common stock will be subject to delisting from Nasdaq.”
Counting numbers shouldn’t be that difficult for a company trying to court investors.
WRAP BOARDROOM
“Ok guys, we’re trying to grow. Trying to build pps, gain momentum, what should we do next?”
CEO: “Let’s hide the fact that our earnings are 25% lower than prior year by delaying reporting to the point NASDAQ is threatening us publicly with delisting! After all, those insider convertibles need to be sold first before it tanks!”
“Great idea boss! Let’s roll!”
Incompetent or shady, those are the only two choices on the table now for the secret identity of WRAP.
CLOWN SHOW. Companies being run well don’t get delisting notifications from NASDAQ….
WRAP countdown to delisting officially begun, 57 calendar days to go….
May go lower after Q4/Full Year 2023 earnings get reported. However, I find Wrap finally worth taking a shot. Feel like they’re finally getting traction and it’s up from here.
Ok ok I bought a tiny taste back just in case
Well…… at least you didn’t get anyone pregnant.
“For whatever reason”….
Yeah, that’s exactly what I’m talking about…
Investing in this wisely would be based off of a continued growth pattern, which they don’t have dropping 25% from 22 to 23.
AND they have delayed repeatedly earnings? That’s cause someone screwed the pooch!
Poorly managed companies don’t grow, they shrink 25% from year to year :)
Orders for over $10M came in for 2023. For whatever reason that $4.9M for Q4 isn’t going to be recognized yet.
Why? Cause it went up ten cents? 25% less revenue than prior year is all I need to know. Not climbing, sinking.
Time to get back in the ring.
I’m out bay bay. I’ll of course keep an eye peeled, but this delay on top of delay on top of delay on top of making LESS MONEY in 2023 than 2022? Yikes.
I can’t believe you’re retiring from the ring.
They anticipate 6.1million in revenue??? That’s almost a 20% DROP from 2022!!!
I’m out, selling now.
Today’s announcement has left me almost speechless.
Even I can admit when something I’ve learned into is screwing the pooch behind the scenes.
Their biggest advocate throwing in the towel?
If they miss the 16th I’m bailing, incompetence ain’t something I wanna have money in.
Then the convertibles will stop cause they can’t sell em for a profit anymore?
They filed FORM 12b-25 (NT-10k) April 1. Said the company currently anticipates that it will file the Annual Report on or before April 16, 2024……… we shall see.
Aren’t they past the time allotted to report a 10k? Aren’t they supposed to file a notice of delay? What the hell WRAP, who is running the show up there?
The fat lady is warming up.
And Scot Cohen AKA Executive Chairman, CEO, Principal Executive Officer, Interim Principal Financial Officer and Principal Accounting Officer owns a boatload.
Wasn’t it like $1.40 or something they sold all those convertibles at?
I’ve got this feeling this thing about to dive into the 1’s
So earnings are late, they have gone silent, NOT a good look for the Bolawrap boys
More like a small foot flutter
Fired the CFO. CEO is interviewed and says they’ll be setting an earnings date within 2 weeks. A month later they set earnings for Q4 only on a Thursday after the bell before a Friday Holiday……and then the Monday before Q4 earnings they call the whole thing off and give it the old we’ll get back to ya. LOL
REschedule earnings? Jesus what a self oops.
Definitely not for the faint of heart
It’ll kick out. In the meantime I’ll use this opportunity to build a nice pile for the inevitable run
Shoulders to the mat and the referee has started the count.
Goes any lower I’m adding to the pile.
Agreed. Company and products are still pretty much unknown to the investing public. Looks like the they’re really starting to get some traction. Feel like they’re finally at a pivot point.
Lol no kidding :)
I ain’t going nowhere right now, those earnings tempt me…
Look what you’ve done. 😂
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